2: Source: Bloomberg

June 12, 2026 General Employees' Pension & Retirement · 2026-06-12 · agenda_item

This item is a quarterly market perspective and retirement system portfolio review for the City of Mount Dora's General Employees' Pension & Retirement. It discusses economic trends such as labor market cooling, strengthening business activity, and supportive consumer spending. The review also covers mortgage rates, home sales, and home price appreciation. This information is planned for review and is not a project requiring construction. Therefore, there is no direct work for contractors, trades, suppliers, or service providers at this time. Businesses interested in future opportunities should monitor upcoming agenda items for potential development projects.

nonfarm payrolls increase

160 k jobs

February payroll revision

133 k jobs lost

March nonfarm payrolls rebound

178 k jobs added

average jobs added March 2022 to year-end 2023

274 k jobs

average jobs added per month in 2024

122 k jobs

average monthly job gains since then

21 k jobs

unemployment rate

4.4 %

unemployment rate in March

4.3 %

Manufacturing PMI

52.6

Manufacturing PMI in February

52.4

Business new orders

57.1

Business new orders in February

55.8

Services PMI

56.1

Services new orders

58.6

durable goods new orders year-over-average

76.3 %

nominal personal consumption increase

0.4 % m/m

core personal consumption gain

0.1 % m/m

nominal personal consumption growth year-over-year

5.3 %

core personal consumption growth year-over-year

2.4 %

personal income growth year-over-year in December

4.6 %

personal income growth year-over-year in January

4.4 %

three-month annualized change in personal income momentum

4.4 %

three-month annualized change in personal income momentum in December

3.1 %

personal savings rate

4.5 %

adjusted retail sales year-over-year

3.2 %

adjusted retail sales three-month annualized pace

1.4 %

30-year fixed mortgage rates

6.38 %

existing home sales volume

4.0 million units annualized

existing home supply

4.0 months

S&P Cotality Case-Shiller home price index gain year-over-year

1.2 %

effective duration

2.0

Steve Patterson phone number

612.895.1306